Month: December 2019

By Kayla Matthews from NonprofitPro Gift-giving is always a kind gesture, and it becomes even more frequent during the holiday season. Nonprofits often receive many donations from kind individuals who support the organization’s vision. The IRS requires organizations to report these contributions, but not all gifts are monetary. This aspect of tax reporting can initially prove…

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from The Nonprofit Times It’s not usual for private foundations to limit grantmaking to areas where the donors live or grew up, or in which they have some personal history. Community foundations and federated giving programs such as United Way also limit grants to specific geographic areas. Many corporate foundations only make awards in areas where…

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by Blue and Co. CPAs In 2018, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. The effective date of this ASU corresponds to the implementation of ASU 2014-09, Revenue from Contracts with Customers (Topic 606),…

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by Anya Samek Donors gave $380 million to nonprofits during 2018’s Giving Tuesday donation drive. Many of the groups getting donations like those follow up by calling donors to thank them, leaving a voicemail if nobody picks up the phone. I’m a behavioral economist, and I study the effectiveness of fundraising practices. I wanted to see if these calls made people…

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